How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money.
Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.
nadisyesterday at 7:04 PM
> "It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years."
Wild although not entirely surprising. Congrats, Anthropic.
rhrtahyesterday at 8:58 PM
Goldman Sachs recently stoked fear about software stocks due to claimed AI competition.
What if their strategy is this: slowly drive down software stocks, keep talking about AI, buy the downward market. Then cash in on the IPOs of OpenAI and Anthropic.
Then let OpenAI and Anthropic implode. Goldman Sachs had no problems underwriting webvan at the end of 1999, which then imploded in 2000.
Anyway, I just valued my dog at $1 billion post-money. You can buy it at pets.com.
criddellyesterday at 9:15 PM
I wonder how good it is for companies to be allowed to grow so big and still be private? Would it makes sense to require any company with more than a billion dollar valuation to be subject to all the same SEC requirements that public companies are? Could companies be blocked from raising money once the reach a crazy valuation like $1 billion?
rickcarlinotoday at 12:16 AM
I did a search for a nations GDP to compare that to. That’s Chile, I think.
saagarjhayesterday at 7:54 PM
Kind of amusing that there is basically no mention of their original mission at all here.
modelessyesterday at 8:05 PM
$14B revenue run rate is the interesting number here.
destyesterday at 7:46 PM
Soon we will lack letters for funding rounds!
matt3210yesterday at 8:10 PM
Oh dang, no wonder they’re auto coding so much garbage in public (crap c compiler, crap browser, crap salesforce).
__mharrison__yesterday at 11:11 PM
Great, they can pay me the $60k they owe me for pirating my books...
SoftTalkeryesterday at 9:06 PM
Annoyed parent voice: What happened to the $13 billion I gave you 4 months ago?
nradovyesterday at 8:38 PM
When will we see the first $1T valuation for a private company? What do you call a herd of 1000 unicorns together?
bilsbieyesterday at 11:07 PM
Is this a fair valuation?
2OEH8eoCRo0yesterday at 8:31 PM
Is everyone competing to steal Google's ad cash-cow? This is the only way these investments make sense.
gigatexalyesterday at 11:23 PM
380? Weren’t they talking numbers like 500B? Isn’t this a bad sign?
bix6yesterday at 9:35 PM
> The number of customers spending over $100,000 annually on Claude (as represented by run-rate revenue) has grown 7x in the past year.
Looks like major uptake from businesses. But all these articles keep saying there isn’t any actual value creation?
xvectoryesterday at 7:56 PM
How are they not overvalued? At some point OSS will be sufficient for most businesses, what then?
IshKebabyesterday at 7:44 PM
Absolutely wild valuation given their lack of a moat isn't it?
hchakyesterday at 8:13 PM
They did say they were going to cover the electricity bills...
verdvermyesterday at 7:00 PM
it's crazy that Google is spending something like 4x this in a year just for capex
wonder how much of that $30B will make it their way and pay that down
TacticalCoderyesterday at 11:37 PM
These scammers from FTX did put $500 million in Anthropic early on, for about 14% of the company. Later on this was diluted to 8%.
8% of a $380 billion valuation would be a cool 30 billion which I think would have covered the entirety of the fraud and left money for SBF and its friends.
But thankfully around June 2024, the clawback of stolen funds by FTX had its Anthropic shares sold for about $450 million.
I'm glad to know SBF and its scammers friends are going to see exactly jack fucking shit of that money.
Yizahiyesterday at 8:48 PM
"Post-money" is the euphemism for the glorious end of capitalism, when we will be paying in corporate scrip, Arasaka-style? :)
cube00yesterday at 7:43 PM
Anthropic is the clear category leader in enterprise AI